In my earlier years owning and driving exotic cars, I used to always get the question: “How do you afford these cars?” You have to understand that during the ownership of my first few exotics, I still worked for other people and even though I had a very comfortable 6 figure salary, it simply seemed unlikely that I could afford a $200,000 car to most. The reality, however, was that I was driving a $200,000 car, but it had barely cost me $100,000. Technically, asking me how I afford such cars is like asking any of the hundreds of thousands of people that drive a new model Mercedes S-Class how they can afford their cars. The difference is nobody cares about an S class.
For years now, I have always used this very clever system to drive nearly a 100 different exotics and many times more than three simultaneously. I currently drive an Aston Martin DBS ($320K MSRP), Lamborghini LP550 Spyder, ($238K MSRP), Mercedes CL65 ($213K MSRP) and finally an Mercedes SL55 ($120K MSRP). To the untrained eye, I currently drive almost $1,000,000 worth in cars.
While this may seem impressive, I promise you that it is nowhere near the truth. Using my very own built system, I drive $1 million dollars worth of car for free. You heard that right. By the time I have driven, enjoyed, and sold my four exotic cars after six months, I will actually have spent no money doing so. How do I do it?
This is the whole idea behind my infamous system that many exotic car owners use in order to be able to instantly change cars without actually losing money. The system consists of 2 major elements and neither one is a marketing gig that requires you to wear banners and stickers on your car.
The core idea behind my system is to allow normal people to buy, sell, trade and drive cars like a dealership does, except without having to have a dealer’s license and without requiring you to go to auctions and buy cars cash. Everyone can participate and the principles can be applied to just about any car. I have used this system with Toyotas all the way up to Lamborghinis. While the cheaper and non exotic cars are a bit harder to work with, there is still a huge opportunity to save over 80% in some cases on some of the latest model cars.
I mentioned earlier the two important aspects that allow to make this system work.
The first one is depreciation: The power of depreciation on cars in America due to supply and demand is beyond incredible. That is something that can’t be ignored but rather must be taken advantage of.
While I describe all the components that make a car depreciate and how to actually get the car at the most depreciated point, the core idea is simply to understand that cars usually lose 50% of their value in the first 3 years of release. While some cars may maintain low mileage as low as 1,000 miles on a 3 year old car, it still doesn’t change the fact they depreciate.
Understand that basic 24 month and 36 month lease deals make a car come back into a dealership creating an influx of supply and a lack of demand as the new is no longer new and desired. This creates a chain reaction of the dealer competing to move overstock inventory, and in most cases drives the price way down. There are many other factors in my system of course, but this is simply to give you an idea.
The second one is warranties: In the exotic car game, warranties are usually non existent past the initial manufacturer’s warranty. While there are policies available out there, they typically cost as much as the car or some ridiculous amount that no one in their right mind would pay. I remember once being offered a warranty for my 2004 Lamborghini that was $11,000 a year and when I think about it now, I don’t think I have had $11,000 worth of repairs when combining the repairs or maintenance of my last 20 cars.
That said, the lack of warranties and the potential media hype of expensive repairs on exotics creates a panic that prevents many people from buying three year old exotics. This creates an opportunity for dealers and consumers to buy such cars at significantly high discounts. You may be asking how to ensure you don’t actually get caught with major repairs, and that is something I address in-depth in the course as to how to select the right cars to ensure you don’t get caught in a never ending frenzy of bills and expenses.
There is a also a break down of how to find a qualified repair shop that charges a fraction of the cost that dealers rob people of.
Using these two basic principles, as well as the best way to identify most depreciated exotics by year and model, I am able to drive all the cars above at the following prices instead: Aston Martin DBS ($120K), Lamborghini LP550 Spyder ($153K) , Mercedes CL65 ($56K), and Mercedes SL55 ($29K).
However, there is much more to the system than simply buying low, as you need to be able to exit the vehicles by selling them for exactly what you paid or more. The key is that you buy low mileage vehicles at about 15% below depreciated market value. By doing so, you are able to drive up the cars to the normal mileage it should have based on its years and sell it at market value.
You are driving the 15% gap or enjoying that gap as profit depending on how much you use the car. This is why it is more beneficial for me to do so with four cars, rather than one at a time. Limiting mileage while still allowing myself to drive without worry and being able to exit 1-2 cars at any given time without much headache.
Leveraging this system has enabled me to afford and drive almost a 100 cars in the past decade and can help you save up to 80% on some of today’s nicest exotics. Anyone can afford to drive an exotic car but only those that educate themselves on how to do so properly can keep doing it for years ahead, and even make money doing it. Enjoy 50% off today on my best selling course Exotic Car Secrets.